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is messing around with the full faith and credit of the united states. it would be bad for the economy when we played that game of russian roulette back in august of 2011. you could see the economy decline. you could see job creation going away. i'm with newt gingrich on this one. newt gingrich had taken a strong position that we should not use, that the republicans should not use the debt ceiling as leverage in this cutting spending. let's use the continuing resolution. let's use the sequester, but don't use the debt ceiling. that's a bad idea. >> president said he won't negotiate on the debt ceiling. >> i think he's right on that. >> senator, thank you. good to see you. >> thank you. nice to see you all. >>> and we spoke to supreme court justice sonia sotomayor. she spoke with scott pelley about her new york city home and reputation as a tough corporate lawyer. >> you write in your book that one day one of the associates one of your colleagues was on the telephone, and he described you, your words, not mine as one tough -- >> his words. >> as one tough bitch. >> yea
the american economy. >> also, need to tell you the president did speak about his gun violence effort. he's had the package put together by the vice president is on his desk today. and he will talk about it a little later on this week. want to bring in two people here, ali velshi with me from new york, and gloria borger there in our nation's capital, to you both welcome. ali, it has been more than a year since that whole previous debt limit debacle. and i know you are saying, especially comparing this to what we just saw on new year's day with the fiscal cliff, this is going to be much, much worse, much bigger deal. talk to me about what we're debating or as the president puts it not debating? >> what we're debating or not debating is the idea that the debt ceiling in the united states is a very unusual tool, only one other country has it. and it is because what used to happen is whenever the government needed to spend money, particularly when you're in a deficit, the treasury of the united states would have to go out and issue bonds in order to get cash to pay for it. and that was just a cumbe
-term effect jobs will leave, people will leave and hurt the economy long term. bill: matt, thank you. steve moore, thank you as well. e-mail is hemmer@foxnews.com. viewers on home on twitter that follow me, @billhemmer, file your one word, not one word, one line. martha: one word is all you get? bill: that would be brief. because you asked, bya just need one question. fire it up and let us know what is happening in your state. martha: okay. we are following major developments right now in the fight against al qaeda. the latest on u.s. involvement in a brand new front in the war on terror that is becoming a big story today. details ahead. bill: an update on the health of former president george h.w. bush. good news here. [ laughing ] ahh, cloudy glasses. you didn't have to come over! easy. hi. cascade kitchen counselor. look! over time, cascade complete pacs fight film buildup two times better than finish quantum to help leave glasses sparkling. cascade. the clear choice. to help leave glasses sparkling. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x th
that shape. but they have changed it up a lot. fuel economy has been a good selling point in the corvette. >> final question, does winning these top honors help auto manufacturers sell these cars? >> you know, that's always a big question. the bottom line is yes, they do. they do help auto dealers. it is no guarantee. we have certain seen cars win these awards in the past and then just fail in the marketplace, just for whatever reason they didn't catch on with customers. it helps, but it's certainly not enough to do all about itself. >> peter from cnn money.com. thank you so much. >>> a talk back question for you, what's the best way to honor the newtown victims. you can face book me at facebook.com/carolcnn. >>> we want to take you to baltimore now, it is the johns hopkins summit on gun control. mayor michael bloomberg is speaking. >> including private sales at gun shows and online. these private sales now account for more than 40% of all gun sales nationally, which means that in 2012 alone, there were more than 6 million gun sales that happened with no background checks. many of those g
the penny on how you drive it. i am not one that has bought american but in the recent the economy and improvement in quality i am willing to put my teenage years behind me and say american cars are good. >> america is back! >> in september apple at problems with phone supplies. >> apple had a really good year last year overall. >> is a big pullback from its all-time highs. the question is does it break away of microsoft and h-p and become old tired technology company that cannot read and then to itself? or with $100 billion in cash today build more to users to look for value. is this just a blip? the big story is the cutting iphone orders and that is not a big story. they had problems with their maps, they're no longer cool to teenagers. in 10 to 15 years do i think this will be a microsoft? i do a i don't think they will age gracefully. they have a good product at this point in time but not a great product. they need to improve their services and their software. the stock has gone sideways h-p it is up and their numbers for computers sold. everyone tries to play this game and gav
the economy of louisiana expand, and basically progress. >> he's saying if you make louisiana a great place to come, companies will come. >> yes. >> peter: and people will have work? >> yes. >> peter: but the trade-off is, higher sales tax. so the question today is, that a regresssive tax? >> yes. >> peter: as you economists say? >> yes. >> peter: what does that mean? >> everybody pays it. no relation to how much you earn. it's how much you spend. you pay tax according to what you spend. a sales tax, it tax consumption. so in that sense, yes. it is regresssive. but on the other hand, if the absence of income taxes creates a growing economy, everybody wins from that. >> peter: some states don't have income tax. >> there are seven. i'll read them, alaska, florida, nevada, south dakota, texas, washington, and wyoming. on the map. these states have no income taxes at the state level. louisiana wants to become the eighth state and north carolina, may become the ninth state. even oklahoma, they, too, are considering getting rid of personal income taxes at the state level. >> peter: these are in s
of the essential players in the economy, and so i'm hoping that the -- the mostly republican large corporate executives and businesses and wall street weigh in and grab these people by the collar and say are you crazy? the consequences are so bad? and if you think that the right-wingers are the only ones that are going to play in the next election you are mistaken. the chamber of commerce, business round table, et cetera could play an important role here and some reality check with some of these. some of us have introduced legislation that would actually repeal the debt ceiling. it's only us and denmark that has a debt ceiling and all of the countries of the world. >> stephanie: right. >> and we should just get rid of that rule. >> stephanie: yeah, i agree. and it's interesting to your other point. even newt gingrich made that point that the financial community is going to come in. he basically said it's a political loser, stop bluffing about it. >> right. >> stephanie: but we saw the same talking points yesterday. >> yeah, the john boehner part scares me, because i thou
. the 2013 ram 1500 with best-in-class fuel economy. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. >> welcome back. we're coming to you this morning live from newtown, connecticut. today marks one month since the tragic shootings that took so many young lives and so many lives overall. vice president joe biden is going to be meeting with the house of representatives, and finalize the recommendations that he'll give based on meetings that he has had with his gun task force and groups across the country. he is expected to recommend a couple of things. universal background checks and limiting high capacity magazines as well as encouraging more research into links between violent media and gun violence. >> first of all, it's sobering to be in this place here at this time. i just want to say that. i think the president is going to be more aggressive here in his second term on this. i mean, gun control is an issue that divides the country very closely. i think almost exactly in half. the reality is that the half of the country that
a press conference. let's listen. >> obama: new security for the middle class. right now, our economy is growing and our businesses are creating new jobs. we're poisoned for a good year -- we're poised for a good year as long as politics don't get in the way of america's progress. as i said on the campaign, one component to growing our economy and broadening opportunity for the middle class is shrinking our deficits in a balance and responsible way. and for nearly two years now i've been fighting for such a plan. one that would reduce our deficits by $4 trillion over the next decade. which would stabilize our debt and our deficit in a sustainable way for the next decade. >> not by cutting social security and medicare. >> obama: that would be enough not only to stop the size of our debt but it would make it manageable so it doesn't crowd out the investments we need to make and people and education and job training and science and medical research, all of the things that help us grow. step by step, we've made progress toward that goal. over the past two years i've signed into law about
Search Results 0 to 8 of about 9